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Re: Austerity!
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Originally Posted by LessinSF
Agreed that we should, and should have, let more shitty lenders fail. Rubbing out China was a joke, but I should have known you wouldn't see that.
I thought one of the points being made was attacking Britain's austerity program, which is not about inflation, it is about reducing their debt. And I was paraphrasing PM Cameron from yesterday on just that subject - "The one thing we mustn’t do is abandon spending and deficit reduction plans, because the solution to a debt crisis cannot be more debt.” http://www.telegraph.co.uk/finance/f...lls-0.2pc.html .
It may have been too subtle, though, since only I am being forced to watch the BBC to get my news.
LessinAswan |
Ah, yes, wisdom from the man who is turning the recession into a depression in his country. Isn't it completely clear at this point that Britain has royally screwed up this recession?
Someone still needs to read Keynes. Big lesson of the Great Recession: Keynes ain't done yet.
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A wee dram a day!
Last edited by Greedy,Greedy,Greedy; 04-26-2012 at 09:11 AM..
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